DekaBank Deutsche Girozentrale Buys 175 Shares of Robinhood Markets, Inc. $HOOD

DekaBank Deutsche Girozentrale raised its stake in Robinhood Markets, Inc. (NASDAQ:HOOD) by 0.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,560 shares of the company’s stock after purchasing an additional 175 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Robinhood Markets were worth $2,008,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HOOD. GAMMA Investing LLC increased its stake in Robinhood Markets by 40.2% in the first quarter. GAMMA Investing LLC now owns 8,210 shares of the company’s stock valued at $342,000 after purchasing an additional 2,352 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in Robinhood Markets by 36.9% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 11,537 shares of the company’s stock valued at $480,000 after purchasing an additional 3,107 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Robinhood Markets by 43.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 79,193 shares of the company’s stock valued at $3,296,000 after purchasing an additional 24,075 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in Robinhood Markets by 24.4% in the first quarter. Asset Management One Co. Ltd. now owns 231,721 shares of the company’s stock valued at $9,644,000 after purchasing an additional 45,489 shares in the last quarter. Finally, Spire Wealth Management increased its stake in Robinhood Markets by 1,197.2% in the first quarter. Spire Wealth Management now owns 13,932 shares of the company’s stock valued at $580,000 after purchasing an additional 12,858 shares in the last quarter. 93.27% of the stock is owned by institutional investors.

Insider Transactions at Robinhood Markets

In other news, insider Steven M. Quirk sold 60,113 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $100.91, for a total value of $6,066,002.83. Following the sale, the insider owned 94,454 shares of the company’s stock, valued at $9,531,353.14. The trade was a 38.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Meyer Malka sold 1,093,288 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $103.87, for a total transaction of $113,559,824.56. Following the completion of the sale, the director directly owned 3,976,234 shares in the company, valued at approximately $413,011,425.58. This trade represents a 21.57% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,175,598 shares of company stock valued at $579,779,430. Corporate insiders own 14.47% of the company’s stock.

Robinhood Markets Stock Performance

Robinhood Markets stock opened at $139.79 on Friday. The stock has a market cap of $124.23 billion, a PE ratio of 70.96, a price-to-earnings-growth ratio of 3.63 and a beta of 2.42. Robinhood Markets, Inc. has a fifty-two week low of $23.00 and a fifty-two week high of $153.86. The firm’s 50-day simple moving average is $123.41 and its 200 day simple moving average is $92.70.

Robinhood Markets (NASDAQ:HOOD) last released its earnings results on Wednesday, July 30th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.12. The firm had revenue of $989.00 million for the quarter, compared to analysts’ expectations of $893.93 million. Robinhood Markets had a net margin of 50.13% and a return on equity of 17.48%. The company’s quarterly revenue was up 45.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.21 earnings per share. As a group, analysts predict that Robinhood Markets, Inc. will post 1.35 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HOOD. Citigroup lifted their price objective on shares of Robinhood Markets from $120.00 to $135.00 and gave the company a “neutral” rating in a report on Tuesday, September 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Robinhood Markets in a report on Saturday. Barclays lifted their price objective on shares of Robinhood Markets from $102.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Mizuho lifted their price objective on shares of Robinhood Markets from $120.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday, September 10th. Finally, Morgan Stanley lifted their price objective on shares of Robinhood Markets from $110.00 to $146.00 and gave the company an “equal weight” rating in a report on Wednesday, October 1st. Twelve analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.94.

Robinhood Markets Profile

Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.